Small Business Investment Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 695 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 695 To amend the Internal Revenue Code of 1986 to modify the exclusion for gain from qualified small business stock. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 24, 2025 Mr. Cornyn introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modify the exclusion for gain from qualified small business stock. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Small Business Investment Act of 2025''. SEC. 2. PHASED INCREASE IN EXCLUSION FOR GAIN FROM QUALIFIED SMALL BUSINESS STOCK. (a) In General.--Section 1202(a)(1) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``50 percent'' and inserting ``the applicable percentage'', and (2) by striking ``held for more than 5 years''…